Placement Policy 2016-17: Dawn of a New Era

Placement Policy 2016-17: Dawn of a New Era

Aug 01, 2016 | Anubhav Kar Dibya

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With the beginning of a new academic session one of the most pertinent issues concerning the students of NITR is the Placement Policy for this year. Team MM caught up with the Placement Secretaries of The Training and Placement Centre to discuss the various policy changes that are currently being undertaken.

Overview of Policy

There will be the following three categories of companies:

1. Category I

2. Category II

3. Category III

Branches

Category II

 
Category IIIFactor (k)
CSE & ECE<10 LPA 

>=10 LPA

 

1.7

Others<5.5 LPA>=5.5 LPA1.7

*Category I companies would predominantly include mass recruiters. However, the final decision about a company’s category lies at the discretion of the TPO, NIT Rourkela.

Rules for B. Tech and Dual Degree students

  • A student can have a maximum of one job in Category I, Category II or Category III each

  • A student placed in a Category I company is allowed to appear for companies of Category II and III only

  • A student placed in a Category II company is allowed to appear for a Category III company if and only if the CTC offered by the latter is k times the former

  • A student is not allowed to appear for any lower category companies if placed in a higher category company

  • A student placed in a Category III company is not eligible to appear for any other company

Rules for M. Tech students

  • A student is allowed to have a maximum of 2 jobs: One from Category I and another from either Category II or Category III.

  • A student if placed in a company from Category II or Category III, then he/she is not eligible for any other company.

Rules for MBA students

  • A student is allowed to have a maximum of one job from Category I, Category II or Category III

Rules for M. Sc. students

  • A student is allowed to have a maximum of two jobs:

  • One from Category I

  • And another from either Category II or Category III.

  • If a student is placed in a Category I company, he/she is allowed to apply for a Category II or a Category III company if and only if the CTC offered by the latter is k times the CTC offered by the former

General Rules for all students

  • A student who registers for a company but does not turn up for selection processes (PPT, GD, PI, etc.) of that particular company shall face an exemption from sitting in the recruitment process of the next two companies in which he/she is eligible.

  • A student, while accepting a job offer in a company of higher category, automatically forfeits the job in a company of lower category that he/she might have been offered earlier.

  • The eligibility criteria for placement in a company are notified through notice prior to the beginning of the process or during the pre-placement talk by the company. Every student must check his/her eligibility for the placement in a company in accordance with the criteria set by the company. However, if it is found that a student has not followed the same and has tried to manipulate any information, disciplinary actions, as deemed fit, will be taken by the institute.

  • Any form of malpractice during tests and interviews will be dealt with strictly by the Training and Placement Office.

  • It is at the discretion of the Training and Placement Centre to make any sort of changes in the rules and the k factor at any time during the placement season.

  • Students having UR/X/F grade in any subject will not be allowed to sit for placements. All exceptions will be dealt with in a case to case basis.


Internship Policy 2016-17

  • A student is eligible for only one on-campus paid internship offer

  • A student having a confirmation for foreign internship is not eligible to sit for companies offering internship on campus. However if he/she rejects the foreign internship offer, then he/she will be eligible for on campus internship opportunities.

Rules for Pre Placement Offers (PPO)

  • Students having a PPO from a company are eligible for only one on-campus offer if the company providing PPO belongs to Category II or below.

Branches

Category II

 
Category IIFactor (k)
CSE & ECE< 10 LPA 

>= 10 LPA

1.7
Others< 5.5 LPA>= 5.5 LPA1.7

 

A student having a PPO with CTC belonging to Category II is allowed to sit for companies in Category II or Category III if the CTC offered by the latter is ‘k’ times the CTC of the PPO.

  • For a few selected companies, the TPO can confirm a PPO as a final offer for a student, and that student won’t be allowed to sit for any further companies.

 

Understanding the Motivation behind the Policy Change

As compared to the previous year, multiple changes have been incorporated in to the current placement policy. One of the major reasons pertaining to the amendment in these policies is the loss of several companies of repute, from last year. The major factor distinguishing the previous and existing is that while last year’s  policy were completely student oriented, the new set of policies is a judicious one catering to the interests of both the students and the industry.

The follow infographic depicts how jobs have been wasted in the previous academic session 2015-16. 

Number of jobs wasted in the Placement Session of 2015-16.

 

The primary flaw with the previous year’s policy was that many jobs were wasted by students getting placed in multiple categories and choosing one job over the other. For example, J K Paper and Hindalco both paying packages with a marginal difference are placed in different categories resulting in loss of J K Paper which is a Dream Company for Chemical Engineering students, but a Normal Company for others.

Further, unlike mass recruiters like IBM and TCS which turn a blind eye to the number of students recruited and the number of students joining, companies like Linde recruit a limited number of students from all over the nation. Thus the loss of manpower doesn’t go unnoticed with them and the institute loses repute, because the companies opt to choose from other colleges where students can’t turn one job down for another. It is unfortunate, that because of this problem and the loss of jobs last year, reputed firms like Delloite and PWC might not visit the campus this time.

Another positive policy change restricts a student having a CATEGORY 2 job to apply for a CATEGORY 3 job if the latter does not pay 1.7 times or more than the former.

This ensures that companies with similar packages like JK Papers and Hindalco fall under the same umbrella and prevents students from choosing a company with a marginally higher pay, without taking other factors into consideration. However, students with a CATEGORY 1 job will have the opportunity to sit for companies belonging to any of the other two categories.

Further, unlike previous year’s policies which allowed a student to have three jobs, the new set of policies allow a student to have a maximum of two jobs only.

This along with the aforementioned guidelines will ensure that wastage of jobs is minimal. As is also evident from the new categorization of companies, big names like L&T which offer salaries in the range of normal companies are being included in CATEGORY 2, as one cannot afford to lose companies of such stature.

As far as the TnP leaves are concerned, it still remains as six leaves per semester, since it proved to be sufficient for accommodating placement dates, as well as in minimizing unfair use of the same. There has also been a slight change in the hierarchy of the organization, with the position of Joint-Secretaries being abolished and the number of Secretaries being increased from one to five along with a single Technical Coordinator. All these decisions with regard to the aforementioned changes were brought about by the mutual discretion of the outgoing and recently selected members of the Training and Placement Centre.

With a new, revised placement policy that provides better opportunities to students and minimizes the losses for visiting companies, the Placement Committee hopes to be able to satisfy both parties and ensure a successful year of on-campus placements.

Placements

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